Company Update (NASDAQ:WPRT): Westport Innovations Inc. (USA) Introducing Ford F-150 with Liquid Propane Alternative Fuel for Fleets

For fleet managers considering the popular Ford F-150 pickup truck, Westport Innovations Inc. (USA) (NASDAQ:WPRT) now offers two alternative fuel options. Introducing a new dedicated, liquid propane system, along with Westport’s compressed natural gas (CNG) package for 2016 Ford 5.0L F-150 trucks. Both fuel options are part of the Westport WiNG™ Power System and are expected to be certified to EPA and CARB standards.

“We understand that many fleets use different types of alternative fuels based on availability and business needs,” said Paul Shaffer, vice president and managing director of Westport’s Dallas operations. “By offering dedicated liquid propane in addition to bi-fuel and dedicated CNG vehicles, we are evolving to a full-service alternative fuel provider for fleets operating the popular Ford F-150 pickup truck. We are putting the needs of fleets first and delivering stability to our customers’ supply chain by offering diverse alternative fuel options.”

While most liquefied petroleum gas (LPG or propane) offerings in the market today take up valuable truck bed space, Westport’s tank packages will be located underbody, thereby creating additional capability and productivity for fleets.

The benefits of Westport’s new liquid propane system include:

  • standard 24 gallon underbody fuel tank or optional 16 gallon tank,
  • simplified maintenance of an easily replaceable inline filter,
  • no additional scanning tools required for diagnostic service,
  • fuel pump life expectancy of 150,000 miles, and
  • consistent volumetric efficiency resulting in superior power and emissions when compared to existing vapor propane systems.

The new system will give superior propane vehicle performance with liquid delivered to the same intake port as gasoline, providing:

  • air charge cooling to increase the density of incoming air and making the engine response equal to or better than gasoline,
  • liquid delivered to the intake port provides intake valve cooling and some upper cylinder lubrication from the oil drop out at point of vaporization in the intake, and
  • best overall throttle response than any other propane fuel system technology.

Westport is taking advantage of Ford’s new natural gas and propane gaseous-prep package, which is now available on MY2016 vehicles. Designed to transport passengers and cargo, the 2016 Ford F-150 offers a 5.0 L engine with improved emissions compared to gasoline. The new aluminum alloy body reduces the weight of the truck by as much as 700 lbs. In addition, the existing Ford OEM warranty remains intact. (Original Source)

Shares of Westport Innovations opened today at $4.65 and are currently trading up at $4.8299. WPRT has a 1-year high of $18.98 and a 1-year low of $3.24. The stock’s 50-day moving average is $5.15 and its 200-day moving average is $4.69.

On the ratings front, Westport Innovations has been the subject of a number of recent research reports. In a report issued on May 11, Jefferies Co. analyst Laurence Alexander maintained a Hold rating on WPRT, with a price target of $6, which implies an upside of 29.0% from current levels. Separately, on May 8, Lake Street Capital’s Robert Brown upgraded the stock to Buy and has a price target of $9.

According to, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Laurence Alexander and Robert Brown have a total average return of 14.0% and 18.8% respectively. Alexander has a success rate of 63.2% and is ranked #102 out of 3702 analysts, while Brown has a success rate of 36.4% and is ranked #1122.

The street is mostly Neutral on WPRT stock. Out of 5 analysts who cover the stock, 4 suggest a Hold rating and one recommends to Buy the stock. The 12-month average price target assigned to the stock is $6.83, which implies an upside of 46.9% from current levels.

Westport Innovations Inc is a provider of high-performance, low-emission engine and fuel system technologies utilizing gaseous fuels.Its segments include On-Road Systems, Applied Technologies, and Corporate and Technology Investments.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts